I'm considering getting into a Variable Universal Life Policy, and I want to know if it is a good idea or if it's better to buy term and invest the difference.
I think part of it depends on how old you are. If you are under 30, I believe you can lock in a pretty low premium. The advantage is that it never increases like a term life insurance, and there's both a cash value that you can draw on when you reach retirement, and a death benefit. You should probably do more research before you buy though.